SL Green Realty Corp. (the “Company”) (NYSE: SLG) today announced that
it has commenced a cash tender offer (the “Tender Offer”) to purchase
any and all of the outstanding 5.

SL Green Realty Corp. (the “Company”) (NYSE: SLG) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding 5.875% Notes due 2014 (the “5.875% Notes”) and a principal amount of the outstanding 6.000% Notes due 2016 (the “6.000% Notes,” and together with the 5.875% Notes, the “Notes”) equal to the difference between the aggregate principal amount of 5.875% Notes validly tendered and accepted for purchase and $100,000,000 (the “Maximum Purchase Amount”), in each case at a purchase price per $1,000 principal amount as set forth in the table below. The 5.875% Notes and the 6.000% Notes were issued by Reckson Operating Partnership, L.P., a wholly-owned subsidiary of the Company’s operating partnership, SL Green Operating Partnership, L.P. The Tender Offer will expire at 12:00 midnight, New York City time, on December 26, 2012, unless extended with respect to one or both series of Notes (as such time and date may be extended, the “Expiration Date”) or earlier terminated by the Company. The Tender Offer is being made pursuant to the Offer to Purchase dated November 28, 2012 and the accompanying Letter of Transmittal which more fully set forth the terms and conditions of the Tender Offer.

Dollars Per $1,000 Principal Amount

CUSIPNumber

Title of Security

AggregatePrincipalAmountOutstanding

Tender OfferConsideration

Early TenderPremium

TotalConsideration(1)

75621LAH7

5.875% Notes due 2014

$98,578,000

$1,035.00

$30

$1,065.00

75621LAK0

6.000% Notes due 2016 (2)

$275,000,000

$1,080.00

$30

$1,110.00

(1)

Equal to the sum of the applicable Tender Offer Consideration per $1,000 principal amount of Notes for each series (the “Tender Offer Consideration”) plus the applicable Early Tender Premium per $1,000 principal amount of Notes (the “Early Tender Premium”), in each case, as set forth in this table.

(2)

The Company will purchase up to the remaining Maximum Purchase Amount of 6.000% Notes validly tendered after accepting for purchase all validly tendered 5.875% Notes.

In order to receive the applicable Total Consideration set forth in the table above, holders of Notes must validly tender and not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on December 11, 2012, unless extended with respect to either series (such date and time, as the same may be extended with respect to either series, the “Early Tender Date”). In the case of each series of Notes, the applicable Total Consideration includes an early tender premium of $30 per $1,000 principal amount of 5.875% Notes and 6.000% Notes (the “Early Tender Premium”). Holders of Notes validly tendering their Notes after the Early Tender Date and on or prior to the Expiration Date and not validly withdrawing such Notes will only be eligible to receive the applicable Tender Offer Consideration set forth in the table above, which is equal to the applicable Total Consideration minus the Early Tender Premium.